HOUSE_OVERSIGHT_018811.jpg
1.11 MB
Extraction Summary
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People
5
Organizations
3
Locations
2
Events
2
Relationships
1
Quotes
Document Information
Type:
Property appraisal summary
File Size:
1.11 MB
Summary
This document is a one-page summary of a property appraisal for the IGY American Yacht Harbor Marina in St. Thomas, U.S. Virgin Islands, dated December 15, 2015. The appraisal, conducted for Banco Popular de Puerto Rico, lists the owner as IGY-AYH ST. Thomas Holdings, LLC and concludes a market value of $24,360,000. The document is labeled 'HOUSE_OVERSIGHT_018811', indicating it is part of a congressional committee's records.
Organizations (5)
| Name | Type | Context |
|---|---|---|
| IGY American Yacht Harbor Marina |
The subject property being appraised.
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| IGY-AYH ST. Thomas Holdings, LLC |
The owner of record for the IGY American Yacht Harbor Marina.
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| Banco Popular de Puerto Rico |
The client for whom the appraisal report was prepared; noted as the only party authorized to rely on its contents.
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| irr |
Appears to be the logo of the appraisal firm that produced the report.
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| HOUSE_OVERSIGHT |
Document identifier, suggesting it is from a collection related to a U.S. House of Representatives Oversight Committe...
|
Timeline (2 events)
Locations (3)
| Location | Context |
|---|---|
Relationships (2)
The document lists IGY-AYH ST. Thomas Holdings, LLC as the 'Owner of Record' for the 'Property Name' IGY American Yacht Harbor Marina.
The document states that the appraisal was prepared for Banco Popular de Puerto Rico, which is the only party authorized to rely on it.
Key Quotes (1)
"No party other than Banco Popular de Puerto Rico may use or rely on the information, opinions, and conclusions contained in the report."Source
HOUSE_OVERSIGHT_018811.jpg
Quote #1
Full Extracted Text
Complete text extracted from the document (1,886 characters)
Summary of Salient Facts and Conclusions
1
Summary of Salient Facts and Conclusions
Property Name
IGY American Yacht Harbor Marina
IGY American Yacht Harbor Marina
Address
18A-1, 18-B1,18-B and 18-W Remainder Estate Smith Bay
East End Quarter, St. Thomas, Virgin Islands
18A-1, 18-B1,18-B and 18-W Remainder Estate Smith Bay
East End Quarter, St. Thomas, Virgin Islands
Property Type
Mixed Use - Marina
Mixed Use - Marina
Owner of Record
IGY-AYH ST. Thomas Holdings, LLC
IGY-AYH ST. Thomas Holdings, LLC
Parcel ID
1-07702-0135-00, 1-07702-0134-00, 1-07702-0133-00, and
1-07702-0198-00
1-07702-0135-00, 1-07702-0134-00, 1-07702-0133-00, and
1-07702-0198-00
Legal Description
Parcel Nos. 18A-1 Remainder, 18B-1 Remainder, 18B
Remainder Estate and 18-W Estate Smith Bay, Nos. 1, 2 and
3 East End Quarter, St. Thomas, U.S. Virgin Islands
Parcel Nos. 18A-1 Remainder, 18B-1 Remainder, 18B
Remainder Estate and 18-W Estate Smith Bay, Nos. 1, 2 and
3 East End Quarter, St. Thomas, U.S. Virgin Islands
Land Area
2.76 acres; 120,226 SF
2.76 acres; 120,226 SF
Number of Units
105
105
Gross Building Area
72,808 SF
72,808 SF
Rentable Area
48,652 SF
48,652 SF
Percent Leased
85%
85%
Year Built; Year Renovated
1992; N/A
1992; N/A
Zoning Designation
W-1, Waterfront - Pleasure
W-1, Waterfront - Pleasure
Highest and Best Use - As if Vacant
Marina oriented commercial use
Marina oriented commercial use
Highest and Best Use - As Improved
Continued marina and commercial use
Continued marina and commercial use
Exposure Time; Marketing Period
12-24 months; 12-24 months
12-24 months; 12-24 months
Effective Date of the Appraisal
November 25, 2015
November 25, 2015
Date of the Report
December 15, 2015
December 15, 2015
Property Interest Appraised
Leased Fee (Going Concern)
Leased Fee (Going Concern)
Market Value Indications
Cost Approach
Not Used
Not Used
Sales Comparison Approach
Not Used
Not Used
Income Capitalization Approach
$24,360,000
$24,360,000
Market Value Conclusion*
$24,360,000
$24,360,000
*Values expressed in United States Dollars
The values reported above are subject to the definitions, assumptions, and limiting conditions set forth in the accompanying report of which this summary is a part. No party other than Banco Popular de Puerto Rico may use or rely on the information, opinions, and conclusions contained in the report. It is assumed that the users of the report have read the entire report, including all of the definitions, assumptions, and limiting conditions contained therein.
IGY American Yacht Harbor Marina
irr
HOUSE_OVERSIGHT_018811
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